The Global Belt Drives market is expected grow at a CAGR of 5.6% during the forecast period of 2017 to 2026.
Growing developments in materials, increasing adoption from automobile sector, and cost effectiveness of belt drives are some of the factors propelling the market growth during the forecast period. In addition, growing investments in renovating industrial plants is also favouring the market growth. On the other hand, durability issues are hindering the market growth.
A belt is a looped strip of flexible material used to mechanically link two or more rotating shafts. A belt drive offers smooth transmission of power between shafts at a considerable distance. Belt drives are used as the source of motion to transfer to efficiently transmit power or to track relative movement. V-belt types are utilized in top speed high power transmitting applications. It gives better speed ratios and best among other belt drives.
Asia Pacific is expected to witness high growth rate during the forecast period. The growth is attributed to increasing mining activities, rapid industrialization in emerging countries such as India, Japan, and China. North America and Europe are projected to register a substantial growth rate over the forecast period.
- Arntz Optibelt GmbH
- B&B Manufacturing
- ContiTech AG
- Dayco Products, LLC
- DESCH Antriebstechnik GmbH & Co. KG
- Federal-Mogul Holdings Corporation
- Fenner PLC
- Gates Corporation
- Jason Industrial
- Pix Transmission
- Regina Industria SpA
- The Timken Company
- Tsubakimoto UK Ltd.
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Belt Drives Market, By Belt Type
6 Global Belt Drives Market, By End User
7 Global Belt Drives Market, By Geography
8 Key Developments
9 Company Profiling
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